NY Times Business
Despite strong revenues and profits, the streaming service cut 1,000 jobs and jettisoned its chief content officer. Drops in the stock price and viewer engagement are to blame.
Bloomberg Markets
Mexican airlines can expand service to US cities after Washington lifted restrictions that blocked new routes from Mexico City’s two biggest airports.
Bloomberg Markets
Andrew Benin, CEO of Graza, said the company’s appeal starts with the quality of its olive oil, while its squeezable bottle helped make the product approachable and popular. Benin emphasized sourcing transparency: bottles identify the oil’s origin, varietal, harvest season, bottling date and best-by date, while the brand aims to deliver a consistent peppery, flavor-forward profile despite agricultural variability. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
MarketWatch
The software and semiconductor sectors haven’t been trading in tandem much this year, but they collectively fell Friday as AI and interest-rate fears hit the market.
Bloomberg Markets
Ray Blanchette, CEO of TGI Fridays, says the restaurant aims to stand out in casual dining through value, quality food and attentive service. He identifies food, service and atmosphere as the priorities for attracting customers, with a renewed focus on scratch cooking and bringing energy back to the business. He speaks with Romaine Bostick on "The Close." (Source: Bloomberg)
MarketWatch
Money is pouring in and funding intense, negative ads: “It’s everywhere, and you can’t escape it.”
MarketWatch
Hot CPI and PPI data should have pushed Treasury yields higher. Instead, bond buyers stepped in to suggest yields have risen high enough to become attractive for investors.
Financial Times
Deliveries of the $2,000 Duo slip to 2027 within hours of going on sale
MarketWatch
Thinking of buying the dip in technology stocks? The Nasdaq Composite’s technical outlook suggests don’t do it — at least not yet.
Financial Times
Oil prices jump on reports that Saudi Arabia-led forces intercepted and destroyed missiles aimed at important energy hubs
Bloomberg Markets
Wall Street has spent the year betting on staggering AI growth while worrying about stubborn inflation. This week, investors got a fresh taste of both risks: a deepening rout in the AI complex that reached into its debt financing, and oil at $110 a barrel threatening to make inflation harder to contain.
Bloomberg Markets
Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Kristine Aquino, Carol Massar and Tim Stenovec. (Source: Bloomberg)
MarketWatch
Investors aren’t giving EchoStar enough credit for the value of its future SpaceX stake or its potential to strike more spectrum deals, an analyst argues.
Financial Times
Strong demand for private air travel combined with production delays boosts prices
Bloomberg Markets
Bloomberg's Scarlet Fu and Tom Keene discuss their must-read book on this week's edition of "Bloomberg Money." They discuss "Paved Paradise: How Parking Explains the World" by Henry Grabar and "Farrow and Ball: Recipes for Decorating" by Joa Studholme.
(Source: Bloomberg)
Bloomberg Markets
Sound Inpatient Physicians Inc. is close to clinching a $1 billion refinancing with existing lenders, including Monarch Alternative Capital and PGIM, according to people familiar with the matter.
Financial Times
Washington Post journalist among those injured during violence in the Palestinian territory
Bloomberg Markets
Bess Freedman, Brown Harris Stevens CEO, joins Scarlet Fu and Tom Keene on "Bloomberg Money." They discuss the dynamic between mortgage rates and US housing supply.
(Source: Bloomberg)
Bloomberg Markets
Tom Porcelli, chief economist at Wells Fargo, says US consumers are "roughed up," but they are still spending. He says wages are struggling, but consumers are still feeling pretty good because a wealth effect is in place. He is on "Bloomberg Money." (Source: Bloomberg)
MarketWatch
Microsoft is betting that its custom chips can lower costs, but the AI equation is more complicated than that.